Finance

How Insiders and Institutions are Trading Schlumberger Limited (SLB)

Recent insider trends for Schlumberger Limited (NYSE:SLB) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on SLB is anything to go by, investors should pay attention.

Institutions own 80.89% of Schlumberger Limited (SLB)’s shares. The total value of these holdings, in millions, is $71,096. Among active positions in the latest quarter, 704 holders increased their positions by a total of 67.75 million shares, 829 holders decreased the positions by a total of 58.88 million shares, and 142 holders held their positions. This works out to a net increase in ownership of 8.86 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 92 holders initiated new positions by a total of 9.01 million shares and 94 holders exited their positions by a total of 8.35 million shares. This nets out to an increase of 662388 shares and is a bullish sign for SLB.

In the last three months, insiders executed a total of 1 trades.1 were sells. Insider ownership decreased by a total of 3500 shares, which suggests that SLB’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 16 buys and 14 sells, and ownership decreased by a net of 328319 shares.



Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Schlumberger Limited (NYSE:SLB)’s short interest is 19.82 million shares, or % of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that SLB is a sell, which implies that SLB is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Schlumberger Limited (NYSE:SLB) is overvalued.

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